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How We Retired with $200 a month

 

HERE WE are, living in Southern California. We've a little house just a few minutes' walk from the beach, with flowers and sunshine all year. For, you see, I've retired. We're getting a check for $200 a month that will keep us financially independent as long as we live.
But if it weren't for that $200, we'd still be living in Forest Hills, and I'd still be plugging away at the same old job. Strangely, it's all thanks to something that happened, quite ac­cidentally, in 1926. It was August 17, to be exact. I remember the date be­cause it was my fortieth birthday.
To celebrate, Peg and I were going out to the movies. While she went upstairs to dress, I picked up a mag­azine and leafed through it idly. Then somehow my eyes rested on an ad. It said, "You don't' have to be rich to retire." Probably the reason I read it through was that just that evening Peg and I had been saying how hard it was for us to put anything aside for our future.
Well, we'd certainly never be rich.
We spent money as fast as it came in. And here I was forty already. Half my working years were gone. Some­day I might not be able to go on working so hard. What then?
Now this ad sounded as if it might have the answer. It told of a way that a man of 40-with no big bank account, but just fifteen or twenty good earning years ahead-could get a guaranteed income of $200 a month. It was called the Phoenix Mutual Retirement In­come Plan.
The ad offered more information.
No harm in looking into it, I said. When Peg came down, I was tearing a comer off the page. First coupon in my life I ever clipped. I mailed it on our way to the movies.
Twenty years slide by mighty fast.
The crash ... the depression ... the war. I couldn't foresee them. But my Phoenix Mutual Plan was one thing I never had to worry about!
1946 came ..• I got my first Phoenix Mutual check-and retired. We're living a new kind of life. Best of all, we've security a rich family might envy. Our $200 a month will keep coming as long as we live.
Send for Free Booklet This story is typical. Assuming you start at a young enough age, you can plan to have an income of $10 to $200 a month or more-beginning at age 55, 60, 65 or older. Send the cou­pon and receive, by mail and without charge, a booklet which tells about Phoenix Mutual Plans. Similar plans are available for women-and for em­ployee pension programs. Don't put it off. Send for your
copy now. From the July 10, 1950 issue of Life Magazine.

 

 

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